Argo Blockchain Share Discussion Threads

[scottman72] 02/1/2020 07:05

Further to the announcement of 30 October 2019, the Company is pleased to announce that it has taken delivery of 3,616 Bitmain Antminer T17 machines which are being installed and expected to be operational by January 10th, 2020.

The new machines represent 159 petahash (PH), an increase of 75% from the Company's existing installed base of mining machines.

Argo is on track to operate a total production base of approximately 17,000 machines, or 640PH, by the end of the first quarter of 2020, increasing the Company's total mining capacity by 204% from its current base.

The remaining 6,384 machines required to achieve this target are on order and expected to be delivered in batches from early January.

[luckytrades888] 01/1/2020 13:48

Does anyone know what the bitcoin price forecast is for 2020? I assume that the higher it goes the better for Argo

[richardjohn10] 31/12/2019 14:59

Worth a part of the portfolio, I certainly won't be throwing the kitchen sink at it

[1new guy] 31/12/2019 14:40

I am at the highest holding I can. Frequently disappointed and impatient at the whole bitcoin scene but still consider the risks tolerable and that good or even spectacular rewards will come. It must be remembered that the whole might of currency trading sharks, banks and the USA central bankers are scared witless. Ergo using every possible means to suppress bitcoin. They are running out of options. Printing money to buy then dump bitcoin will soon hurt them badly. IMO.

[richardjohn10] 31/12/2019 14:38

This will do very well once bitcoin settles and moves north before halving.

[hootza616] 31/12/2019 14:24

Couldn't put it better myself.I am invested here as much as possible and feel the research I have done justifies this without question. The only risk is a complete collapse in BTC to below $3k which I am very confident is not happening, period!Best if luck and happy new year to everyone here!

[topazfrenzy] 31/12/2019 10:46

some very big buys this morning

[base7] 31/12/2019 09:09

Succinct summary of position ,Scrutable,& providing strong rationale for my doubling my modest holding yesterday

[scrutable] 30/12/2019 23:10

The first year of this first quoted company ' mining' crypto-currency BitCoin seems to be confusing the average PI and broker. So much so that the Share price, down 50% from a high six months ago, belies the following facts:

1) The rapid acceleration of growth, via increasing investment funded from unusually high operating margins and internal cashflow

2) that listing and start-up were barely 17 months ago

3) that margin and cash flow have been so high that production has been increased from 1000 mining machines to 7000

4) and will further increase by starting-up another 10,000 by the Spring of 2020.

5) that the cash cost of the investments made will have been fully recovered within something like 3- 6 months (depending on the very volatile price of BTC during that period).

6) The cash committed for 5000 S17 machines on order at £2,618/mc has been replaced by a contract for 10,000T17s at £951/mc and the £9.5m due can be covered from internally accumulated cash resources.

7) There has been a positive, newsworthy RNS each month until mid-Nov 2019. We are thus probably due an upbeat Trading Update for the year end, imminently, to announce that revenue of £2.93m for H1 and then still rising rapidly to reach £3.63m as reported for Q3, must now total well above £11m for the FY (and should double again in 2020)

The share, now clearly in profit, is therefore IMO grossly misunderstood, underresearched, oversold, and undervalued - but of course DYOR.

[crooky1967] 30/12/2019 22:44

Many of those sells would have been buys.

[scrutable] 30/12/2019 18:23

1.5m mre sold than bought, today, yet the share price never moved. Surely that must mean that someone is accumulating a large purchase order?

[ragnarr] 28/12/2019 13:27

No worries :-) but markets are highly influenced by sentiment and like it or loath it the media/propaganda is a huge part of it. Ignore it at your peril :-)

[hootza616] 28/12/2019 09:08

Hi Barnet.Every pound, euro or dollar you hold in the bank is a computer file, no different than BTC, other than the BTC file is indisputable, incorruptible and cannot be used by government to simply create more, which would devalue the currency. BTC is very much like gold which is a finite resource and is priced only by supply and demand, not influenced by politics, inflation and interest rates and most important not managed or manipulated by bankers!

[hootza616] 28/12/2019 08:53

Sorry Ragnarr, didn't mean to! The media on BTC is so contradictory with no substance it's mostly not worth reading. IMHO

[ragnarr] 28/12/2019 01:07

Don't shoot the messenger.

[barnetpeter] 27/12/2019 23:22

yes i agree although I think the bitcoin mining is pointless and wasteful really. I found this

Each Bitcoin is basically a computer file


I cannot get my head around this and see Arb as worthless in time. Perhaps that is why it is so lowly rated.....

But then the tulip mania made plenty a fortune so I also have plenty of dosh in here. Just dont tell the wife!

[purplepelmets] 27/12/2019 22:39

Took the 1st tranche on 24th, will add on any dips in Q1. This is my speculative pick for 2020. Good luck to us all with the re-rating.

[topazfrenzy] 27/12/2019 15:54

ARB is in Top 5 picks of 2020 at Align

hxxps://www.share-talk.com/align-research-top-5-conviction-picks-for-2020/

[scotty666] 27/12/2019 15:47

Roll over?

[hootza616] 27/12/2019 15:09

Are those 2 x 1Million buys just now for real? SP didn't shift?

[topazfrenzy] 27/12/2019 10:24

New decade starts next week and a game changer for Bitcoin, with wide adoption as a store of value, you won't be able to ignore it for much longer.

ARB is the most exciting play on Bitcoin imo, crazy to miss out at these crazy levels.

[hootza616] 24/12/2019 12:44

Looks like a few people did!Happy Xmas all!This is by far my biggest investment ever and feel very confident here!Here's to a great and profitable 2020 for ARB!